MIT released blockhain-based diplomas

Over 100 graduates of Massachusetts Institute of Technology received blockchain-based digital diplomas
21 October 2017   1103

More than one hundred graduates of the Massachusetts Institute of Technology (MIT) received digital diplomas issued using blockchain of Bitcoin. This is reported by CoinDesk.

As representatives of the university explained, the Blockcerts Wallet application was used to issue "verified" and "counterfeit" digital versions of diplomas. The software project also involved Learning Machine, which last year, in conjunction with the Laboratory of Media Lab Massachusetts Institute of Technology was developing an open standard called Blockcerts.

From the beginning, one of our primary motivations has been to empower students to be the curators of their own credentials. This pilot makes it possible for them to have ownership of their records and be able to share them in a secure way, with whomever they choose.
 

Mary Callahan
Registrar and senior associate dean, MIT

According to representatives of the Learning Machine, MIT - one of the first universities in the world that issued education documents using the technology of the distributed registry.

People can own and use their official records, which is a fundamental shift.
 

Chris Jagers
Co-founder and CEO, Learning Machine

According to him, security provided by blockhain is much more important than other aspects, such as speed, costs or ease of use.

It should be noted, however, that the diploma itself is not kept in the blockchain - the system only provides a timestamp, which indicates that MIT has created a digital record for a particular certificate. At the same time, these data are enough to allow graduates of the university to confirm the diploma availability in the future.

Karpeles to Face Another 10 Years in Jail

Japanese enforcements agencies blamed Mt. Gox CEO in stilling $3M
12 December 2018   29

Japanese prosecutors blamed the head of the already inactive exchange Mt. Gox Mark Carpeles in embezzling 341 million yen ($ 3 million) from a bank account trading platform. The prosecutors made the corresponding statement in the Tokyo District Court, demanding 10 years of imprisonment for Karpeles, reports The Mainichi.

[Mark Karpeles] diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users.
 

Japanese prosecutors

It is noted that in September-December 2013, the head of MtGox allegedly transferred funds to personal bank accounts, and then invested in the software development business.

Carpeles is also accused of faking the data of the trading system of the exchange for the fabrication of balance sheets.

The deadline for accepting applications from affected investors as part of the civil rehabilitation of Mt. Gox has been extended until the end of December.